DebtOvernight FundRegularGrowthLow

Union Overnight Fund

Q: What is the NAV of Union Overnight Fund?

As of 04 Oct 2026, the NAV of Union Overnight Fund is ₹1,444.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Overnight Fund delivered?

Union Overnight Fund has returned +5.15% over 1 year, +5.94% per year over 3 years, +5.63% per year over 5 years and +5.00% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Union Overnight Fund?

Union Overnight Fund charges an expense ratio of 0.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Union Overnight Fund?

Union Overnight Fund's largest holdings are 182 Day Treasury Bills (2.4%) and 182 Day Treasury Bills (1.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Overnight Fund?

Union Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Union Overnight Fund?

Union Overnight Fund is benchmarked against the As per AMFI Tier I benchmark: $ CRISIL Liquid Overnight Index $ CRISIL Benchmark Disclaimer : CRISIL Indices are the sol. Its alpha and beta on this page are measured against that index.

Q: Who manages Union Overnight Fund?

Union Overnight Fund is managed by Devesh Thacker and Tarun Singh at Union.

Q: How is Union Overnight Fund taxed?

Union Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Union Mutual Fund · Best Overnight Mutual Funds

NAV

₹1,444.27

+0.01% 1D

as of 04 Oct 2026

This is the Regular plan of Union Overnight Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+5.16%CAGR

52-week rangePrev NAV ₹1,444.07

Latest ₹1,444.27

Low ₹1,373.49100th percentile of its 52-week rangeHigh ₹1,444.27

Scorecard

★☆☆☆☆1/5 vs 32 of 38 Overnight Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Overnight Fund (same plan and option). 32 of the 38 Overnight Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +5.94% · ranks 21 of 32 Overnight Funds

RiskHigh

Volatility 0.2% vs 0.1% category avg

CostHigh

0.2% expense vs 0.2% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

More volatile than its Overnight Fund peers (0.2% vs 0.1%)
High expense ratio (0.24%) vs the Overnight Fund average of 0.19%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.24%

Category 0.19%▲0.05%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

As per AMFI Tier I benchmark: $ CRISIL Liquid Overnight Index $ CRISIL Benchmark Disclaimer : CRISIL Indices are the sol

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

27 Mar 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.39%

Absolute return over the last 3 months (not annualized)

+1.25%

Absolute return over the last 6 months (not annualized)

+2.52%

Absolute return since 1 Jan of this year (not annualized)

+3.83%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+5.15%

3-year annualized return (CAGR)

+5.94%

5-year annualized return (CAGR)

+5.63%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.00%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.19%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

0.00%

Benchmark ratios

Not shown for Overnight Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Overnight Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.39%	+0.38%	+0.01%
3M abs	+1.25%	+1.24%	+0.01%
6M abs	+2.52%	+2.51%	+0.01%
1Y CAGR	+5.15%	+5.14%	+0.01%
3Y CAGR	+5.94%	+5.94%	0.00%
5Y CAGR	+5.63%	+5.63%	0.00%

Category average across peers in Overnight Fund (up to 38 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 38 peers in Overnight Fund

1Y return

+5.15%

Beats 42.4% · rank #20

3Y return

+5.94%

Beats 35.5% · rank #21

5Y return

+5.63%

Beats 34.6% · rank #18

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.92L

Absolute

+15.29%

XIRR

+5.81%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Union Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+3.85%
2025	+5.70%
2024	+6.62%
2023	+6.61%
2022	+4.57%
2021	+3.09%
2020	+3.23%
2019part	+4.01%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

2,127

Expense ratio

0.24%

AUM

₹845.33Cr

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Overnight Fund

Compare all


Union Overnight FundThis fund Union · Regular · Growth	★☆☆☆☆	+5.15%	+5.94%	+5.63%	—	0.24%	₹845.33Cr
Bank of India Overnight Fund Bank of India · Regular · Growth	★★★★☆	+5.46%	+6.16%	+5.83%	—	0.14%	₹80.05Cr
Franklin India Overnight Fund - Regular Plan - Unclaimed Redemption Franklin Templeton · Regular · Growth	—	+5.32%	+6.05%	—	—	—	₹54.55Cr
Axis Overnight Fund Axis · Regular · Growth	★★★★☆	+5.24%	+6.04%	+5.72%	—	0.13%	₹12,334Cr
Bajaj Finserv Overnight Fund Bajaj Finserv · Regular · Growth	★★★★★	+5.27%	+6.02%	—	—	0.16%	₹958.32Cr
quant Overnight Fund quant · Regular · Growth	★★★★☆	+4.96%	+6.01%	—	—	0.26%	₹61.28Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents96.35%
Debt3.65%

Fund size over time

Quarterly average AUM · AMFI

₹845.33Cr

April - June 2026

+25%

since January - March 2026

+₹158.82Cr

est. net flow, last quarter

At or near its largest, ₹845.33Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.

Launched

29 Dec 2009

Total AUM

₹28,552Cr+1.6% QoQ

Avg AUM · July - September 2026

Website

unionmf.com

Fund Managers

DTDevesh ThackerStart date not disclosed

Role

Fund Manager - Fixed Income

Education

B.Com (Bachelor of Commerce) & M.B.A (Masters of Business Administration)

Experience

Mr. Thacker has an overall work experience of over 18 years in Fund Management & Banking Industry. November 2010 till date with Union Asset Management Company Pvt. Ltd. (AMC) as Fund Manager - Fixed Income. June 2008 to November 2010 with Sahara Asset Management Co. Pvt. Ltd. as Fund Manager - Fixed Income. December 2004 to May 2008 with ICICI Bank Limited, Retail Operations and Branch Banking. October 2002 to December 2004 with Dolat Capital Markets Limited as a Dealer in Fixed Income, handling institutional client's deals and queries. January 2002 to September 2002 with Orbis Securities (India Bulls) Limited, as Dealer in Fixed Income. October 1999 to January 2002 with ASK Financial Services Ltd (NSE Broking Firm), Equity and Derivative Dealer.

Funds managed (6)

All schemes Devesh Thacker runs →

TSTarun SinghStart date not disclosed

Role

Dealer - Fixed Income

Education

B.Sc

Experience

Mr Singh is appointed as a Co-Fund Manager of this Scheme. Prior to his - appointment as a Co-Fund Manager, he has been associated with Union Asset Management Company Private Limited as Dealer – Fixed Income since October 2010. From April 2008 to October 2010, he was with SBI Funds Management Private Limited as Fixed Income Dealer. From August 2002 to March 2008, he was with Prebon Yamane India Ltd. as Fixed Income Dealer. Further, he was also involved in Back Office Operations, Compliance matters and audits. From July 2000 to June 2002, he was with Enron India Pvt. Ltd as Accounts Executive. He has over 30 years of work experience including more than 13 years experience in the fixed income dealing function.

All schemes Tarun Singh runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Devesh Thacker

Union in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Overnight funds

Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.

Frequently asked questions

What is the NAV of Union Overnight Fund?

As of 04 Oct 2026, the NAV of Union Overnight Fund is ₹1,444.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Overnight Fund delivered?

Union Overnight Fund has returned +5.15% over 1 year, +5.94% per year over 3 years, +5.63% per year over 5 years and +5.00% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Union Overnight Fund?

Union Overnight Fund charges an expense ratio of 0.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Union Overnight Fund?

Union Overnight Fund's largest holdings are 182 Day Treasury Bills (2.4%) and 182 Day Treasury Bills (1.2%). Holdings are disclosed monthly and change over time.

How risky is Union Overnight Fund?

Union Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Union Overnight Fund?

Union Overnight Fund is benchmarked against the As per AMFI Tier I benchmark: $ CRISIL Liquid Overnight Index $ CRISIL Benchmark Disclaimer : CRISIL Indices are the sol. Its alpha and beta on this page are measured against that index.

Who manages Union Overnight Fund?

Union Overnight Fund is managed by Devesh Thacker and Tarun Singh at Union.

How is Union Overnight Fund taxed?

Union Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.